Corn Turning Around on Tuesday Morning as Ratings Slip
Corn price action is 3 to 4 ¼ cents higher so far on Tuesday morning. Futures closed out the Monday session, giving back much of the Friday gains, as contracts were down 6 to 7 cents across the front months. Preliminary open interest suggested some long liquidation, down 12,556 contracts....
Cotton Posting Tuesday Morning Gains
Cotton prices are up 32 to 38 points so far on Tuesday morning. Futures were weaker for much of the Monday session, with contract closing steady to 23 points higher. The US dollar index was down $0.210 on the day to $97.345, with crude oil futures $0.59 higher. NASS reported...
Soybeans Taking Monday Losses Back to Start Tuesday Trade
Soybeans are trading with Monday morning gains of 6 to 7 cents. Futures closed out the Monday session with contracts down 3 to 4 cents across the front months. Preliminary open interest slipped 4,333 contracts. The cmdtyView national average Cash Bean price was down 4 1/4 cents at $9.66. Soymeal...
Hogs See Slight Gains on Monday, as Traders Look to Tuesday
Lean hog futures closed the Monday session with 7 to 40 cent gains across most contracts. Preliminary open interest was up 1,638 contracts. USDA’s national base hog report from Monday afternoon was $1.693 higher to $105.87. The CME Lean Hog Index was up 10 cents on September 11 at $106.14....
Cattle Look to Tuesday After Monday Rally
Live cattle futures rallied on Monday, with gains of $4.35 to $4.625, to take back much of last week’s losses. Preliminary open interest rose 1,998 contracts on Monday. Cash activity narrowed in at $240 last week across the country down $2 from the week prior. Much of this week’s early...
Wheat Posting a Tuesday Morning Pop Higher
Wheat is showing gains across all three markets early on Tuesday, with the spring wheat market the weakest. The wheat market ended the Monday session on a mixed note. CBT soft red wheat futures were the strongest of the three markets, up 1 to 2 cents. KC HRW futures were...
Corn Pulls Back on Monday, Ignoring Export Business
Corn futures closed out the Monday session, giving back much of the Friday gains, as contracts were down 6 to 7 cents across the front months. The CmdtyView national average Cash Corn price was down 6 ½ cents at $3.79. Crop Progress data showed 85% of the US corn crop...
Cattle Rally Back on Monday
Live cattle futures posted gains of $4.35 to $4.625 on Monday, to take back much of last week’s losses. Cash activity narrowed in at $240 last week across the country down $2 from the week prior. Much of this week’s early action has been compiling showlists. Feeder cattle futures were...
Soybeans Close with Weakness on Monday
Soybeans closed out the Monday session with contracts down 3 to 4 cents across the front months. The cmdtyView national average Cash Bean price was down 4 1/4 cents at $9.66. Soymeal futures were down $2.30 to $2.70, with Soy Oil futures posting 12 point front month gains. Weekly NASS...
Wheat Settles Monday Mixed
The wheat market ended the Monday session on a mixed note. CBT soft red wheat futures were the strongest of the three markets, up 1 to 2 cents. KC HRW futures were fractionally lower to close out the session. MPLS spring wheat posted steady to 1 ¼ cent higher trade...
Hogs Hold Gains into Monday’s Close
Lean hog futures closed the Monday session with 7 to 40 cent gains across most contracts. USDA’s national base hog report from Monday afternoon was $1.693 higher to $105.87. The CME Lean Hog Index was up 10 cents on September 11 at $106.14. USDA’s FOB plant pork cutout report from...
Cotton Firms Up into the Monday Close
Cotton futures were weaker for much of the Monday session, with contract closing steady to 23 points higher. The US dollar index was down $0.210 on the day to $97.345, with crude oil futures $0.59 higher. NASS reported the US cotton crop 50% with bolls opening as of Sunday, with...
Corn Pulling Back on Monday Despite Export Business
Corn futures are trading with losses of 5 to 6 ½ cents at midday on Monday. There were 36 deliveries against the expiring September contract on Friday, with the month’s total at 238. The CmdtyView national average Cash Corn price is down 6 cents at $3.80 1/2. USDA reported a...
Cotton on the Lower Side of Unchanged at Monday’s Midday
Cotton futures are showing slight losses across most contracts on Monday, with contracts down 4 to 17 points. The US dollar index is down $0.171 on the day to $97.365, with crude oil futures $0.61 higher. Weekly CFTC data indicated spec traders adding 2,536 contracts to their net short position...
Soybeans Pull Off Morning Lows with Robust NOPA Data
Soybeans are trading with contracts down just 1 to 2 cents early on Monday. There were 20 deliveries against the expiring September contract on Friday, with the monthly total at 1,034 contracts. The cmdtyView national average Cash Bean price is down 1 3/4 cents at $9.68 1/2. Soymeal futures are...
